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vellojo vellojo
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7 years ago
"Shoe Industry under Pressure Amid Rising Costs " 
Rising costs have forced about 15 per cent of shoe manufacturers in a major south China industrial centre to shut down or relocate in the past year... [the firms have] identified rising wages as a key factor behind the closures and relocations from Dongguan...The problems in the footwear industry reflect broader issues affecting manufacturers across China's Pearl River Delta..."
www.ft.com, 2/26/2008

As the same pressures affect other industries across China, we expect to see
A) a combination of cost-push and demand-pull inflation.
B) demand-pull inflation.
C) cost-push inflation.
D) a downward movement along the short-run Phillips curve.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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7 years ago
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vellojo Author
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#2
7 years ago
I went through a flood of websites until I signed up here lol Glad I did
Studying economics @ Edinburgh U
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#3
7 years ago
Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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